Caliber Midstream Partners has closed on a senior secured revolving credit facility of $200 million. Caliber Midstream Partners' is Triangle Petroleum Corporation's midstream joint venture with First Reserve's Energy Infrastructure Fund.
4 min read · 19 December 2013
Sun Capital Partners is to sell its investment in Wabash Technologies, a supplier of powertrain sensors and actuators to the global automotive and related markets, to Sensata Technologies. Terms of the private transaction were not disclosed.
2 min read · 19 December 2013
Monroe Capital has provided a senior secured credit facility for Output Services Group. The facility will finance the company’s Employee Stock Ownership Plan and support growth opportunities.
2 min read · 19 December 2013
Altamont Capital Partners' portfolio company Tacala has acquired Austaco. Austaco operates 80 Taco Bell restaurants inAustin, Waco and surrounding markets.
2 min read · 19 December 2013
Synapse Biomedical has secured $2.4 million in funding from Ohio Third Frontier Commission. Founded in 2002, Synapse Biomedical has developed a neurostimulation platform used to treat people with respiratory insufficiency.
3 min read · 19 December 2013
BGF has backed medical devices company Medicina. Medicina is based in Bolton, UK and was founded by CEO Ken Harrison in 1992. Clients include the NHS and a number of leading homecare companies.
3 min read · 19 December 2013
Christian Sievert will be leaving Segulah in spring of 2014 to start his own investment company, backed by a cornerstone investor. He will remain partner of Segulah until the spring to conclude work for different portfolio companies in which he is involved. Segulah has also appointed a new senior member to the investment team, Henrik Lif, formerly at Nordic Capital and a one time CEO of one of Nordic Capital’s portfolio companies.
2 min read · 19 December 2013
ARX Equity Partners has exited its investment in Polish plastics processor Ergis generating an overall internal rate of return of over 33 percent and 4.5 cash-on-cash multiple. The ARX exit was executed via a series of block trades to investors on the Warsaw Stock Exchange in December 2013, which followed the partial realization of the Ergis investment in 2006.
2 min read · 19 December 2013
This morning's First Read brings you news of the cleantech industry's fall from grace, H.I.G.'s new mid-market fund and a Swedish court ruling on private equity taxes.
1 min read · 19 December 2013
Glue Networks has raised $12.4 million from private investors following a $4.5 million angel round announced in December of 2010, bringing the company’s total funding to date to $16.9 million. Glue Networks was founded in September 2007 and is currently hiring in engineering, sales, and service delivery.
3 min read · 18 December 2013
